RBAK Redback Networks

Redback Networks Inc. (NASDAQ:RBAK), a leading provider of next-generation broadband networking systems, today announced a deal with Kisan Telecom Co. Ltd (www.kisantelecom.com), a Korean manufacturer and reseller of telecommunications equipment. Kisan will manufacture and re-sell a customized version of the SmartEdge� 100 multi-service edge router for Korean customers. The Redback-Kisan routing gear will be used for services such as �nomadic� wireless and mobile broadband access, secure virtual private networks (VPN), voice-over-Internet-Protocol (VoIP), and video conferencing. Under the terms of the manufacturing and distribution agreement, Redback�s deal with Kisan will be initially focused on the Korean market. �Redback has a great history with Korean carriers, such as Korea Telecom (KT) and Hanaro Telecom, deploying multi-service broadband networks based on Redback�s SmartEdge family,� said Simon Williams, vice president of sales and operations for Asia at Redback Networks. �Broadening our market reach throughout Korea is an excellent growth opportunity for the recently introduced SmartEdge 100. We�re excited about this manufacturing and distribution partnership with Kisan initially focused on the Korean market.� Eleven of the top 20 carriers worldwide deploy Redback's SmartEdge family of multi-service edge routers to deliver broadband, phone, and TV services to tens of millions of business and residential customers worldwide. These customers include British Telecom, Belgacom, BellSouth, China Telecom, China Netcom, Chunghwa Telecom (Taiwan), France Telecom, Korea Telecom and Turk Telecom, among others. About Kisan Telecom Kisan Telecom (KOSDAQ) is a market leader in wired and wireless telecommunications equipment in Korea. Founded in 1994, Kisan Telecom builds and sells state-of-the-art broadband network gear for data, voice and wireless services (www.kisantelecom.com). About Redback Networks Redback Networks Inc. manages 40 million broadband connections for 15 of the top 20 carriers worldwide. Redback�s multi-service routing platform delivers next generation broadband services such as VoIP, IPTV, On-Demand Video and on-line gaming. Redback Networks has more than 500 carrier customers worldwide and is based in San Jose, CA. In 2006, Redback marks its 10-year anniversary, celebrating ten years of broadband innovation. For more information, visit Redback Networks at www.redback.com REDBACK and SmartEdge are trademarks registered at the U.S. Patent and Trademark Office and in other countries. NetOp is a trademark of Redback Networks Inc. All other products or services mentioned are the trademark, service marks, registered trademarks or registered service marks of their respective owners. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, including statements regarding Redback Networks� expectations, beliefs, intentions or strategies regarding whether the Redback-Kisan routing gear will be used for �nomadic� wireless and mobile broadband access, secure virtual private networks (VPN), VoIP, and video conferencing services, expectations regarding the Korean market needs and the ability of Redback�s products to meet those needs. All forward-looking statements included in this document are based upon information available to Redback Networks as of the date hereof, and Redback Networks assumes no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected. These risks and other risks relating to Redback Network�s business are set forth in the documents filed by Redback Networks with the Securities and Exchange Commission (SEC), specifically Redback�s Quarterly Report on Form 10-Q for the period ended June 30, 2006, Forms 8-K, and amendments thereto, and the other reports filed from time to time with the SEC. Redback Networks Inc. (NASDAQ:RBAK), a leading provider of next-generation broadband networking systems, today announced a deal with Kisan Telecom Co. Ltd (www.kisantelecom.com), a Korean manufacturer and reseller of telecommunications equipment. Kisan will manufacture and re-sell a customized version of the SmartEdge(R) 100 multi-service edge router for Korean customers. The Redback-Kisan routing gear will be used for services such as 'nomadic' wireless and mobile broadband access, secure virtual private networks (VPN), voice-over-Internet-Protocol (VoIP), and video conferencing. Under the terms of the manufacturing and distribution agreement, Redback's deal with Kisan will be initially focused on the Korean market. "Redback has a great history with Korean carriers, such as Korea Telecom (KT) and Hanaro Telecom, deploying multi-service broadband networks based on Redback's SmartEdge family," said Simon Williams, vice president of sales and operations for Asia at Redback Networks. "Broadening our market reach throughout Korea is an excellent growth opportunity for the recently introduced SmartEdge 100. We're excited about this manufacturing and distribution partnership with Kisan initially focused on the Korean market." Eleven of the top 20 carriers worldwide deploy Redback's SmartEdge family of multi-service edge routers to deliver broadband, phone, and TV services to tens of millions of business and residential customers worldwide. These customers include British Telecom, Belgacom, BellSouth, China Telecom, China Netcom, Chunghwa Telecom (Taiwan), France Telecom, Korea Telecom and Turk Telecom, among others. About Kisan Telecom Kisan Telecom (KOSDAQ) is a market leader in wired and wireless telecommunications equipment in Korea. Founded in 1994, Kisan Telecom builds and sells state-of-the-art broadband network gear for data, voice and wireless services (www.kisantelecom.com). About Redback Networks Redback Networks Inc. manages 40 million broadband connections for 15 of the top 20 carriers worldwide. Redback's multi-service routing platform delivers next generation broadband services such as VoIP, IPTV, On-Demand Video and on-line gaming. Redback Networks has more than 500 carrier customers worldwide and is based in San Jose, CA. In 2006, Redback marks its 10-year anniversary, celebrating ten years of broadband innovation. For more information, visit Redback Networks at www.redback.com REDBACK and SmartEdge are trademarks registered at the U.S. Patent and Trademark Office and in other countries. NetOp is a trademark of Redback Networks Inc. All other products or services mentioned are the trademark, service marks, registered trademarks or registered service marks of their respective owners. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, including statements regarding Redback Networks' expectations, beliefs, intentions or strategies regarding whether the Redback-Kisan routing gear will be used for 'nomadic' wireless and mobile broadband access, secure virtual private networks (VPN), VoIP, and video conferencing services, expectations regarding the Korean market needs and the ability of Redback's products to meet those needs. All forward-looking statements included in this document are based upon information available to Redback Networks as of the date hereof, and Redback Networks assumes no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected. These risks and other risks relating to Redback Network's business are set forth in the documents filed by Redback Networks with the Securities and Exchange Commission (SEC), specifically Redback's Quarterly Report on Form 10-Q for the period ended June 30, 2006, Forms 8-K, and amendments thereto, and the other reports filed from time to time with the SEC.